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This is an archive article published on March 28, 2013

Forbes values Yankees at 2.3 billion

Los Angeles Dodgers are second in MLB at 1.62 billion nearly 400 million below the price paid for the team.

Forbes estimated the New York Yankees have the highest value in Major League Baseball for the 16th straight year at 2.3 billion,and the average for an MLB team increased by 23 percent in the last year to 744 million.

The magazine said Wednesday the Yankees8217; value increased from 1.85 billion last year.

The Los Angeles Dodgers are second in MLB at 1.62 billion 8211; nearly 400 million below the price paid for the team last May when a group headed by Mark Walter,Stan Kasten and Magic Johnson bought the franchise from Frank McCourt.

Forbes valued Boston third at 1.3 billion,followed by the Chicago Cubs 1 billion,Philadelphia 893 million,the New York Mets 811 million,San Francisco 786 million,Texas 764 million,the Los Angeles Angels 718 million and St. Louis 716 million.

The bottom five are Tampa Bay 451 million,Kansas City 457 million,Oakland 468 million,Pittsburgh 479 million and Miami 520 million.

 

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